VICI Properties Inc.

VICI Properties Inc.

VICI·NYSE

$27.25

-1.1%
Real EstateREIT - Specialty

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties' strategy is to create the nation's highest quality and most productive experiential real estate portfolio.

At a Glance

Live Snapshot
Market Cap$29.34B
EPS2.6100
P/E Ratio10.44
Earnings Date07/29/2026
3Y+54.0%
5Y+227.0%
10Y+21226.0%
3Y+148.0%
5Y+211.0%
10Y+91500.0%
3Y+29.0%
5Y+184.0%
10Y+92145.0%
VICI Properties Inc.

VICI Properties Inc. Profit Bridge

VICI · NYSE
Revenue4.01B
Cost of Goods Sold (34.00M)
Gross Profit3.97B
Operating Expenses (324.54M)
Operating Income3.65B
Interest Expense (818.11M)
Other Income/Expense-826.59M
Pretax Income2.82B
Income Tax (2.44M)
Net Income2.78B
Net Income
2.78B

Profitability Analysis

Gross Margin

99.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

91.1%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

69.3%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

VICI Properties Inc. Income Statement

VICI • NYSE

VICI Properties Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
REVENUE
4B
3.8B
3.6B
2.6B
1.5B
1.2B
894.8M
898M
201.4M
18.8M
18.1M
18.9M
GROSS PROFIT
(34M)
(26.9M)
(27.1M)
(22.6M)
(20.8M)
(33.4M)
(18.9M)
(99.2M)
(33.8M)
(13.7M)
(13.4M)
(14.1M)
4B
3.8B
3.6B
2.6B
1.5B
1.2B
875.9M
798.8M
167.7M
5M
4.7M
4.8M
OPERATING INCOME
(324.5M)
(277.4M)
(240.1M)
(945.6M)
(44.5M)
(278.9M)
(33.4M)
(40.8M)
(23.5M)
(5M)
(4.6M)
(4.8M)
(65.1M)
(69.1M)
(59.6M)
(48.3M)
(33.1M)
(30.7M)
(24.6M)
(24.4M)
(11.3M)
(2M)
(1.8M)
(1.9M)
3.6B
3.5B
3.3B
1.6B
1.4B
913.2M
842.5M
758M
144.2M
7K
18K
39K
PRE-TAX INCOME
(818.1M)
(826.1M)
(818.1M)
(540M)
(392.4M)
(308.6M)
(248.4M)
(212.7M)
(63.4M)
(7K)
(18K)
(39K)
-585.3M
-810M
-794.1M
-530.4M
-392.3M
-301.8M
-228.4M
-201.4M
-63.1M
-7K
-18K
-39K
(259.5M)
(208.3M)
(180.4M)
(897.3M)
(11.3M)
(248.2M)
(8.8M)
(16.4M)
(12.2M)
(3M)
(2.9M)
(2.9M)
-826.6M
-814M
-796.4M
-493.3M
-418.3M
-16.2M
-286.5M
-224.4M
-101.6M
-7K
-18K
-39K
2.8B
2.7B
2.5B
1.1B
1B
897M
556M
533.6M
42.6M
0.0
0.0
0.0
NET INCOME
(2.4M)
(9.7M)
-6.1M
(2.9M)
(2.9M)
(831K)
(1.7M)
(1.4M)
-1.9M
(7K)
-3K
-4K
2.8B
2.7B
2.5B
1.1B
1B
891.7M
546M
523.6M
42.7M
3M
3K
4K

SEC Filings

VICI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

April 29, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 29, 2026
April 29, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 28, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 16, 2026
April 28, 2026
2026
S-4/A

S-4/A (Amended)

N/A

March 04, 2026
March 04, 2026
 
10-K

10-K 2025 FY

FY

February 25, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 25, 2026
February 25, 2026
2026
S-4

S-4

N/A

December 05, 2025
December 05, 2025
 
10-Q

10-Q 2025 Q3

Q3

October 30, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 30, 2025
October 30, 2025
2025
Showing 1 to 10 of 204 filings